In January-October 2023, exports of goods from China to Russia reached 90 billion dollars, which is 1.5 times higher than in the same period last year and 1.7 times higher than the pre-crisis level of 2021. In this respect reports Economy Today newspaper cites statistics from the General Administration of Customs of the People’s Republic of China.
China has remained Russia’s main trading partner for 14 years. Almost 95% of trade between Moscow and Beijing is carried out in rubles and yuan. The First Deputy Prime Minister of the Russian Federation expects the total bilateral trade turnover to exceed 200 billion dollars in 2023.
This year, equipment exports from China to Russia reached almost 34 billion dollars, increasing by 43% compared to 2022 and 1.5 times compared to 2021. Beijing has increased supplies of industrial and household equipment to Moscow, including refrigerators and dishwashers.
Russia in September according to OPEC happened It is the largest oil exporter to China and India. Russia carried out 19 percent of oil exports to China and 36 percent to India. The share of Russian supply in China is ahead of Saudi Arabia and Malaysia. China’s total oil imports decreased by 11% compared to August, reaching 11.2 million barrels per day.
Previously Xi Jinping statedChina is ready to make efforts to deepen relations with Russia.